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economist blames wall street for collapse
right wingers are fond of blaming hard working americans for the
recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books As Mr. Roubini observes, the calamities of 2008 were not caused by a bunch of bad subprime mortgages or by a simple housing bubble but by deeper, more tectonic pressures that had been building for years. Not only had the government failed to keep tabs on exotic new financial products like derivatives, but the sweeping away of banking regulations established in the wake of the Great Depression (along with Wall Street’s ability to evade remaining rules) had resulted in the development of “a vast shadow banking system” outside regulatory oversight. Meanwhile the bonus system adopted by many financial firms spurred the pursuit of short-term profits and excessive risk taking, even as the low interest, easy money policies of the Fed under Alan Greenspan encouraged the growth of leverage and debt. ------------- so the right whiners complain about me complaining about wall street...preferring the more simplistic view that 100,000,000 hard working americans are lazy... but roubini accurately lays the blame on the god that is worshipped by the right...wall street. he also says the current massive spending and debt was necessary to save our economic system: “The response to the financial crisis had all the grace and beauty of a battlefield retreat,” Mr. Roubini observes, “but in the end it seemed to work: capitalism did not collapse; the fate of particularly hard-hit Iceland was not the fate of the world at large.” ------------ he also says george bush's radical tax cuts for the rich amplified the problem and created much of our deficits... so go ahead, right whiners. continue your delusional flights from reality. those of us with common sense will continue to treat you like the whining babies you are... |
economist blames wall street for collapse
On 07/05/2010 6:46 PM, bpuharic wrote:
right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. Could be some buying opportunities coming up. Had one low ball order trigger, got it for a steal. Thank Obama and the debt monger democrats will ya. For without liberal ponzi currency and bank/government money management, this opportunity would not present itself again... This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. Saw the US numbers, not impressed. Another round of Obama bull****. When the US decays to Greece because of love of statism will you be a protestor? LMAO. -- Are we being heard or are we a herd? |
economist blames wall street for collapse
On Fri, 07 May 2010 18:59:05 -0600, Canuck57
wrote: On 07/05/2010 6:46 PM, bpuharic wrote: right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. the herd was the few on wall street, with their leveraged billions, their control over the banking system...as roubini rightly points out you blame main street. he blames wall street. he, not you, is right Thank Obama and the debt monger democrats will ya. again, roubini blames wall street and points out obama's spending prevented teh US from becoming like iceland he, not you, is right For without liberal ponzi currency and bank/government money management, this opportunity would not present itself again... roubini points out bush's tax cuts for the rich, exacerbated the deficit. bush enabled one of the largest entitlements in recent history. but obama saved our economic system he, not you, is right. This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. debt created by wall street not, as you believe, by main street he, not you, is right Saw the US numbers, not impressed. Another round of Obama bull****. you mean because the economy grew AND jobs are being created? yes, i know. any time a middle class wage earner gets a job you weep. that is money that could have gone to a rich guy. When the US decays to Greece because of love of statism will you be a protestor? LMAO. again you keep blaming main street and roubini is right. you are wrong |
economist blames wall street for collapse
"Canuck57" wrote in message
... On 07/05/2010 6:46 PM, bpuharic wrote: right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. Could be some buying opportunities coming up. Had one low ball order trigger, got it for a steal. Thank Obama and the debt monger democrats will ya. For without liberal ponzi currency and bank/government money management, this opportunity would not present itself again... This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. Saw the US numbers, not impressed. Another round of Obama bull****. When the US decays to Greece because of love of statism will you be a protestor? LMAO. -- Are we being heard or are we a herd? You're an idiot. |
economist blames wall street for collapse
On 07/05/2010 7:04 PM, bpuharic wrote:
On Fri, 07 May 2010 18:59:05 -0600, wrote: On 07/05/2010 6:46 PM, bpuharic wrote: right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. the herd was the few on wall street, with their leveraged billions, their control over the banking system...as roubini rightly points out you blame main street. he blames wall street. he, not you, is right Yep. Because I understand how it works. Ubber-ultra rich use private equity, not wall street. Wall street is you, I the 401K and others. Some big firms in there too but they get their money from main street. Clueless idiots like you fail to see the connection. Thank Obama and the debt monger democrats will ya. again, roubini blames wall street and points out obama's spending prevented teh US from becoming like iceland Funny, Iceland tried the same trick too, and it didn't work out any better. While Obama will try to polish the turd with lots of bll****, bug mount Obama spending and money for nothing types are the issue. For without liberal ponzi currency and bank/government money management, this opportunity would not present itself again... roubini points out bush's tax cuts for the rich, exacerbated the deficit. bush enabled one of the largest entitlements in recent history. but obama saved our economic system he, not you, is right. This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. debt created by wall street not, as you believe, by main street Wall Streed does nto create debt you fool. Saw the US numbers, not impressed. Another round of Obama bull****. you mean because the economy grew AND jobs are being created? yes, i know. any time a middle class wage earner gets a job you weep. that is money that could have gone to a rich guy. $40/hr replaced with $10/hr and no benefits, yep, Obama job creation. But wait, that was 9.7% to 9.9%, is that Obama bull**** or what? This is doubly bad, no wonder the market turned it must have leaked over lunch. At this time of year unemplyment historically goes down. This months news was truly grim and Obama is a turd polishing. When the US decays to Greece because of love of statism will you be a protestor? LMAO. again you keep blaming main street and roubini is right. you are wrong You bet, blame the idiots who voted for democrat congress in 2006 onwards, and those who voted Obama. Democracy is failing because of too many stupid selfish people like yourself. Too stupid to realize you are destroying the USA. -- Are we being heard or are we a herd? |
economist blames wall street for collapse
On Sat, 08 May 2010 07:12:31 -0600, Canuck57
wrote: On 07/05/2010 7:04 PM, bpuharic wrote: On Fri, 07 May 2010 18:59:05 -0600, wrote: On 07/05/2010 6:46 PM, bpuharic wrote: right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. the herd was the few on wall street, with their leveraged billions, their control over the banking system...as roubini rightly points out you blame main street. he blames wall street. he, not you, is right Yep. Because I understand how it works. Ubber-ultra rich use private equity, not wall street. Wall street is you, I the 401K and others. Some big firms in there too but they get their money from main street. nope. more distortions. private equity can only do so much. and wall street isn't 'me'. if you think it's you, it's more proof of how disconnected you are from reality. and 'main street' doesnt provide money to wall street. we have no voting rights, no input at all. Clueless idiots like you fail to see the connection. seems the rich sycophants like canuck think the average working person has more influence on wall street than we do on the govt. aint it wonderful to live in la la land? Thank Obama and the debt monger democrats will ya. again, roubini blames wall street and points out obama's spending prevented teh US from becoming like iceland Funny, Iceland tried the same trick too, and it didn't work out any better. While Obama will try to polish the turd with lots of bll****, bug mount Obama spending and money for nothing types are the issue. seems like our reactionary friend canuck doesn't understand what roubinin was saying about defaults and economic collapse no surprise. being right wing he weeps because the middle class doesn't have 25% unemployment. roubini says deficit spending saved both the middle class and capitalism the right mourns because of the former. This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. debt created by wall street not, as you believe, by main street Wall Streed does nto create debt you fool. ever hear of collateralized DEBT obligations?? oh. you're right wing so you're clueless. everyone in the universe knows about CDO's except you. Saw the US numbers, not impressed. Another round of Obama bull****. you mean because the economy grew AND jobs are being created? yes, i know. any time a middle class wage earner gets a job you weep. that is money that could have gone to a rich guy. $40/hr replaced with $10/hr and no benefits, yep, Obama job creation. But wait, that was 9.7% to 9.9%, is that Obama bull**** or wha let's see...the middle class hasnt had a raise in 10 years. and he thinks it's obama's fault obama's been president for 1 1/2 years. but canuck wants to blame him for stuff that happened starting 10 years ago yep. the right hates obama because he's black. that's why there's such irrational hatred of the guy. and as i PREDICTED, unemployment would go UP. why? because as jobs are created, more disheartened people who had previously stopped looking for work would re-enter the economy that's common knowledge. except among the right wing. it's a standard feature in an economy coming OUT of a depression. known to everyone...except the right wing. This is doubly bad, no wonder the market turned it must have leaked over lunch. At this time of year unemplyment historically goes down. uh no. this is a DEPRESSION. now, to the right wing, since the rich are doing fine, they dont think it's a depression...but it is. and every economist in the world knows why unemployment is UP even though more jobs are being created but the right wing wants unemployment at 25%. so they hate the idea of job growth and roubini is right. you are wrong You bet, blame the idiots who voted for democrat congress in 2006 onwards, and those who voted Obama. obama wasn't presdient in 2006. guess you kinda forgot that. and roubini blamed unregulated capitalism...which the 2006 congress had NO influence on at all. he's right. you're wrong. Democracy is failing because of too many stupid selfish people like yourself. Too stupid to realize you are destroying the USA. too late. the right wing has the US in teh toilet and you're standing with your hand on the handle, ready to flush |
economist blames wall street for collapse
On 5/8/2010 9:12 AM, Canuck57 wrote:
On 07/05/2010 7:04 PM, bpuharic wrote: On Fri, 07 May 2010 18:59:05 -0600, wrote: On 07/05/2010 6:46 PM, bpuharic wrote: right wingers are fond of blaming hard working americans for the recent economic collapse that happened under bush. but nouriel roubini, one of the few economists to accurately predict the collapse, blames wall street: http://www.nytimes.com/2010/05/07/bo...html?ref=books Wrong oh, clasic market fall out, no buyers but lots of sellers. The herd paniced. the herd was the few on wall street, with their leveraged billions, their control over the banking system...as roubini rightly points out you blame main street. he blames wall street. he, not you, is right Yep. Because I understand how it works. Ubber-ultra rich use private equity, not wall street. Wall street is you, I the 401K and others. Some big firms in there too but they get their money from main street. Clueless idiots like you fail to see the connection. Thank Obama and the debt monger democrats will ya. again, roubini blames wall street and points out obama's spending prevented teh US from becoming like iceland Funny, Iceland tried the same trick too, and it didn't work out any better. While Obama will try to polish the turd with lots of bll****, bug mount Obama spending and money for nothing types are the issue. For without liberal ponzi currency and bank/government money management, this opportunity would not present itself again... roubini points out bush's tax cuts for the rich, exacerbated the deficit. bush enabled one of the largest entitlements in recent history. but obama saved our economic system he, not you, is right. This economic crash is about debt, debt worship, debt welsher and liberialed ponzi banking. Live with it, understand it and capitalize on it. And Obama isn't going to bail you out for thinking like a dumb****. debt created by wall street not, as you believe, by main street Wall Streed does nto create debt you fool. Saw the US numbers, not impressed. Another round of Obama bull****. you mean because the economy grew AND jobs are being created? yes, i know. any time a middle class wage earner gets a job you weep. that is money that could have gone to a rich guy. $40/hr replaced with $10/hr and no benefits, yep, Obama job creation. But wait, that was 9.7% to 9.9%, is that Obama bull**** or what? This is doubly bad, no wonder the market turned it must have leaked over lunch. At this time of year unemplyment historically goes down. This months news was truly grim and Obama is a turd polishing. When the US decays to Greece because of love of statism will you be a protestor? LMAO. again you keep blaming main street and roubini is right. you are wrong You bet, blame the idiots who voted for democrat congress in 2006 onwards, and those who voted Obama. Democracy is failing because of too many stupid selfish people like yourself. Too stupid to realize you are destroying the USA. Right on |
economist blames wall street for collapse
On Sat, 08 May 2010 11:51:20 -0400, moose
wrote: On 5/8/2010 9:12 AM, Canuck57 wrote: On 07/05/2010 7:04 PM, bpuharic wrote: On Fri, 07 May 2010 18:59:05 -0600, wrote: When the US decays to Greece because of love of statism will you be a protestor? LMAO. again you keep blaming main street and roubini is right. you are wrong You bet, blame the idiots who voted for democrat congress in 2006 onwards, and those who voted Obama. Democracy is failing because of too many stupid selfish people like yourself. Too stupid to realize you are destroying the USA. Right on i love it roubini predicted the crash based on wall street greed. the right blames the middle class. in 1 day wall street wipes out a TRILLION DOLLARS from the economy...more than the entire debt obama's accumulated so far the right says NOTHING. why? because wall street is rich white bankers obama's the darkie in the white house. do we need ANY more proof that the right is racist, but LOVES wall street greed? |
economist blames wall street for collapse
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economist blames wall street for collapse
"bpuharic" wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. |
economist blames wall street for collapse
On 5/9/2010 9:21 AM, D.Duck wrote:
"bpuharic" wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. Do you suppose Bob bailed out towards the end of yesterday's trading? |
economist blames wall street for collapse
"moose" wrote in message ... On 5/9/2010 9:21 AM, D.Duck wrote: "bpuharic" wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. Do you suppose Bob bailed out towards the end of yesterday's trading? Nah.....he claims poverty and has no money to invest. |
economist blames wall street for collapse
On 5/9/10 9:46 AM, BAR wrote:
In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
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economist blames wall street for collapse
On 09/05/2010 4:37 AM, bpuharic wrote:
On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... You only don't see it because you are clueless. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
In article ,
says... On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? |
economist blames wall street for collapse
On 09/05/2010 7:46 AM, BAR wrote:
In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. You mean good for a yawn or laugh. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 7:58 AM, hk wrote:
On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. Suppose you take out 0.5% t bills eh? Over the last 20 years I average over a 10% return on the markets. Sure blows away the banks. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 9 May 2010 09:21:20 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. when you sell stocks you either gain or lose or stay even guess what happened to the folks who sold at the end of the day yesterday? |
economist blames wall street for collapse
On 5/9/10 10:03 AM, BAR wrote:
In articlel7idnWiLI63lInvWnZ2dnUVZ_tudnZ2d@earthlink .com, says... On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? Tell us, oh educated one, are unions "little" investors? And most of the unions with which I am familiar have extraordinarily diversified investment accounts. And what has any of that to do with the fact that brokerage houses rip off buyers and sellers? You really are a pimp, aren't you? -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
On Sun, 9 May 2010 09:38:08 -0400, "D.Duck" wrote:
"moose" wrote in message . .. On 5/9/2010 9:21 AM, D.Duck wrote: "bpuharic" wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. Do you suppose Bob bailed out towards the end of yesterday's trading? Nah.....he claims poverty and has no money to invest. that's true. i work for a living. i don't sit on my fat ass complaining about the hoi polloi and how they're so lazy...not like the hard working folks on wall street |
economist blames wall street for collapse
On Sun, 9 May 2010 10:03:10 -0400, BAR wrote:
In article , says... This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? there are no unions in the US. |
economist blames wall street for collapse
On Sun, 09 May 2010 08:06:47 -0600, Canuck57
wrote: On 09/05/2010 7:58 AM, hk wrote: On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. or you could be like the average working guy or gal in america...believed the right wing stuff about how free markets, unregulated, are the best protection for working folks. then watched your 401K tank while you lost your job |
economist blames wall street for collapse
On Sun, 09 May 2010 08:03:10 -0600, Canuck57
wrote: On 09/05/2010 4:37 AM, bpuharic wrote: On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... You only don't see it because you are clueless. says the guy who thinks '29 was a great boost for the free market |
economist blames wall street for collapse
On Sun, 09 May 2010 08:02:32 -0600, Canuck57
wrote: On 08/05/2010 10:23 PM, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. Some real truth to that. If you exclude dividents, where there is a winner there is a loser. A zero sum game. The economy is say worth 100 units. Than the market swings are irrelivant, your percentage of the units is all that maters. Being a zero sum game, the odds are better than Vegas. well...no. because 100 units today are not worth the same as 100 units yesterday golly. you really are stupid, aren't you? oh, yeah. you're right wing. |
economist blames wall street for collapse
On 09/05/2010 8:20 AM, bpuharic wrote:
On Sun, 09 May 2010 08:06:47 -0600, wrote: On 09/05/2010 7:58 AM, hk wrote: On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. or you could be like the average working guy or gal in america...believed the right wing stuff about how free markets, unregulated, are the best protection for working folks. then watched your 401K tank while you lost your job It happened to me. Lost my job, ok, well sort of. I hinted to the boss to make me next as I wanted out anyways and was casually looking. But still, got the RIF. They gave me the news at 11am, I came home and partied all afternoon. Boss really hated letting me go, but so what, I look after #1, my family. Difference was I had eyes open and knew it was coming. It was also the only way I could get a severance, and roll over the pensions. In cash too, just before the crash. ;) Opportunity. I didn't stand in the middle of the tracks like a dumb sheep or deer and wait for it to hit me so I could wallow in self pity and whine. Nope, I went with the flow and profited. I even took a well deserved whole month off before I looked for a job, and it was good! Longest time off I have had since I was a kid. Having the month off was good, transfered the US and Canadian pension in cash while the market crashed. Plotted an investment strategy, and followed it. Easing the cash into the market in Jan-Apr 2009. LMAO to the bank for these moves. But my wife said it best, you are bored after 4 weeks. I was, picked up the phone and sent out 5 resumes, 3 interviews and 2 job offers... I was again a tax-paying slave. But then, I manage my life where I can, I don't worship others like Obama/Harpo/Iggy in my life, they are just puppets managing the herd. So, I guess you screwed up then eh? You story? Loser in auto gets the axe and developes self pity for being asleep in life? -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 8:21 AM, bpuharic wrote:
On Sun, 09 May 2010 08:03:10 -0600, wrote: On 09/05/2010 4:37 AM, bpuharic wrote: On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... You only don't see it because you are clueless. says the guy who thinks '29 was a great boost for the free market Nope, just the market reflecting the reality of the politics of the times. You someone believe the markets are out to get you or something. Paranoia actually. Markets are simple, they always seek a collective view on the economy. One person can't change it, it is a collective. Look at it as a politicial report card. Bad politics, bad economics by government begets bad and unstable markets. Even big mouth Obama on his soap box can't do much as he is the problem. A debt monger. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 8:22 AM, bpuharic wrote:
On Sun, 09 May 2010 08:02:32 -0600, wrote: On 08/05/2010 10:23 PM, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. Some real truth to that. If you exclude dividents, where there is a winner there is a loser. A zero sum game. The economy is say worth 100 units. Than the market swings are irrelivant, your percentage of the units is all that maters. Being a zero sum game, the odds are better than Vegas. well...no. because 100 units today are not worth the same as 100 units yesterday golly. you really are stupid, aren't you? oh, yeah. you're right wing. When currency fluxates, you don't worry about the numbers, you worry about value. For example, you take a 10 year t-bill at 0.5% and say inlfation runs an average of 10%, then loaning the government cost you 50% in value even though the $$$ amount in 10 years is slightly up. It is also why US/Canadian government can no longer borrow money and create it off their own banks...inflationary ponzi money. I have zero in bonds, but do watch the markets and I haven't seen a government issue anywhere fill since Sept 2008 or so. Which means our governemtns are bankrupt, as they only function on their ability to create money which is not sustainable. That is, a second crash is inevitable at this point. As Obama and democrats are jack asses if they think they can debt-spend their way out of a debt depression. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
In article ,
says... On 5/9/10 10:03 AM, BAR wrote: In articlel7idnWiLI63lInvWnZ2dnUVZ_tudnZ2d@earthlink .com, says... On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? Tell us, oh educated one, are unions "little" investors? And most of the unions with which I am familiar have extraordinarily diversified investment accounts. And what has any of that to do with the fact that brokerage houses rip off buyers and sellers? You really are a pimp, aren't you? You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. |
economist blames wall street for collapse
On 5/9/10 11:15 AM, BAR wrote:
In articleKo6dnRb2XKeoWXvWnZ2dnUVZ_j2dnZ2d@earthlink .com, says... On 5/9/10 10:03 AM, BAR wrote: In articlel7idnWiLI63lInvWnZ2dnUVZ_tudnZ2d@earthlink .com, says... On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? Tell us, oh educated one, are unions "little" investors? And most of the unions with which I am familiar have extraordinarily diversified investment accounts. And what has any of that to do with the fact that brokerage houses rip off buyers and sellers? You really are a pimp, aren't you? You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
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economist blames wall street for collapse
On 5/9/10 11:35 AM, BAR wrote:
In articleVvKdneGGg9mESXvWnZ2dnUVZ_jSdnZ2d@earthlink .com, says... You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. I have a mortgage to pay, we know you don't. And once again, you demonstrate you are driven by your ignorance. -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
In article ,
says... On 5/9/10 11:35 AM, BAR wrote: In articleVvKdneGGg9mESXvWnZ2dnUVZ_jSdnZ2d@earthlink .com, says... You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. I have a mortgage to pay, we know you don't. And once again, you demonstrate you are driven by your ignorance. Do you have a mortgage to pay? |
economist blames wall street for collapse
On 5/9/10 11:45 AM, BAR wrote:
In article1Y6dnXakXa8BSnvWnZ2dnUVZ_qCdnZ2d@earthlink .com, says... On 5/9/10 11:35 AM, BAR wrote: In articleVvKdneGGg9mESXvWnZ2dnUVZ_jSdnZ2d@earthlink .com, says... You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. I have a mortgage to pay, we know you don't. And once again, you demonstrate you are driven by your ignorance. Do you have a mortgage to pay? Yup. More than one, actually. -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
In article ,
says... On 5/9/10 11:45 AM, BAR wrote: In article1Y6dnXakXa8BSnvWnZ2dnUVZ_qCdnZ2d@earthlink .com, says... On 5/9/10 11:35 AM, BAR wrote: In articleVvKdneGGg9mESXvWnZ2dnUVZ_jSdnZ2d@earthlink .com, says... You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. I have a mortgage to pay, we know you don't. And once again, you demonstrate you are driven by your ignorance. Do you have a mortgage to pay? Yup. More than one, actually. Right? |
economist blames wall street for collapse
On 5/9/10 11:55 AM, BAR wrote:
In , says... On 5/9/10 11:45 AM, BAR wrote: In article1Y6dnXakXa8BSnvWnZ2dnUVZ_qCdnZ2d@earthlink .com, says... On 5/9/10 11:35 AM, BAR wrote: In articleVvKdneGGg9mESXvWnZ2dnUVZ_jSdnZ2d@earthlink .com, says... You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. If I had the same standard of living you have today, I'd have to cut way back, *Boatless* Bert. I have a mortgage to pay, we know you don't. And once again, you demonstrate you are driven by your ignorance. Do you have a mortgage to pay? Yup. More than one, actually. Right? Right. -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
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economist blames wall street for collapse
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economist blames wall street for collapse
On Sun, 09 May 2010 08:54:33 -0600, Canuck57
wrote: On 09/05/2010 8:20 AM, bpuharic wrote: On Sun, 09 May 2010 08:06:47 -0600, wrote: then watched your 401K tank while you lost your job It happened to me. Lost my job, ok, well sort of. I hinted to the boss to make me next as I wanted out anyways and was casually looking. But still, got the RIF. They gave me the news at 11am, I came home and partied all afternoon. Boss really hated letting me go, but so what, I look after #1, my family. Difference was I had eyes open and knew it was coming. It was also the only way I could get a severance, and roll over the pensions. In cash too, just before the crash. ;) Opportunity. notice he thinks 100,000,000 americans should spend all their time sitting on their asses watching their stocks instead of raisin their kids, building their communities, etc... I didn't stand in the middle of the tracks like a dumb sheep or deer and wait for it to hit me so I could wallow in self pity and whine. notice the right doesnt WANT things to change. he thinks that, when you get angry, you're 'whining'...all the while he whines about how lazy the middle class is. when you propose changes to the economy, you're 'whining'...in spite of the fact HE would drive unemployment to 25%. he's too stupid to know that HIS policies would destroy the middle class. the right thinks the middle class should just shut up and take it. anything else is 'whining'. So, I guess you screwed up then eh? You story? Loser in auto gets the axe and developes self pity for being asleep in life? yeah. me and 100,000,000 other americans. but your attitude is 'let 'em eat cake' |
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